Canadian tariffs on U.S. milk, perfume, golf clubs and other goods take effect as trade war grinds on
Canada has implemented retaliatory tariffs ranging from 15% to 50% on $20 billion worth of U.S. goods, including milk, perfume, and electronics. This move escalates an ongoing trade dispute following the U.S. administration's decision to impose duties on Canadian products.
Why it matters
The tit-for-tat trade war between two major economic allies threatens to disrupt supply chains and increase costs for manufacturers and consumers in both nations.
Canada's steep retaliatory tariffs on $20 billion in U.S. goods took effect just after midnight ET on Tuesday, extending the trade war between the two countries.The Canadian government announced the planned tariffs two weeks ago, after trade negotiations broke down and the Trump administration followed through on a threat to impose 50% duties on $20 billion worth of goods from Canada. Officials in Canada have vowed to match the U.S. levies "dollar for dollar."Canada's tariffs range from 15% to 50%. American milk, perfume, video game consoles, golf clubs, fishing rods, steel, aluminum, jackets and T-shirts will face 50% tariffs.
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